Players often agree to a contract before the hearing, with only three of 22 cases proceeding last year. Arbitration hearings can strain relationships, as teams must highlight players' flaws to justify lower pay.
Veleno, who earned $825,000 last season and scored 12 goals, is likely asking for over $2 million. Comparables place him between $1.9 million and $2.2 million.
GM Steve Yzerman aims to manage the Veleno deal carefully, given he has just over $20 million in cap space to finalize contracts for Veleno, Jonatan Berggren, Moritz Seider, and Lucas Raymond. The latter two could take roughly $17 million of the cap space.
Veleno's argument will emphasize his versatility and speed, which make him useful on any line. After a hearing, an arbitrator rules within 48 hours. If the team rejects the ruling, the player becomes an unrestricted free agent.